Form 4: Verint Systems Director, Yvette H. Smith, Reports Stock Grant and Disposal
SEC Form 4 Filing
Director Yvette H. Smith reports the acquisition of restricted stock units and disposal of common stock in Verint Systems Inc.
Summary
- Yvette H. Smith, a director of Verint Systems Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2024, Smith acquired 6,859 shares of common stock through a grant of restricted stock units.
- These restricted stock units vest 100% on April 10, 2025.
- On the same day, Smith disposed of 6,859 shares of common stock.
- Following these transactions, Smith beneficially owns 11,034 shares of Verint Systems Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Positives
- The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of Verint Systems stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of transaction: acquisition of restricted stock units and disposal of common stock. |
| 04/10/2025 | Vesting date for the restricted stock units. |
| 04/24/2024 | Date of signature on the Form 4 filing. |
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